A recent report from Gizmo China point towards the launch of Redmi Note 2 alongside the MIUI 7 at the special media event by Xiaomi on August 13 in China.
According to the report, Xiaomi's website listed the Redmi Note 2 32GB model at 799 Yuan ($129). This is excellent pricing if the rumored specifications are anything to go by.
The device boasts of a 5.5-inch Full HD display, an octa-core chip, 2GB of RAM and 16GB of internal storage with MicroSD expansion, a 13-megapixel rear camera and 5-megapixel front camera a 3,020mAh battery and the MIUI 7 software on top of Android 5.0 Lollipop.
Previous rumors had suggested that the device will sport a premium all metal design with a fingerprint scanner.

Not much is know about the MIUI 7 but according to several users on MIUI forums, the new version will bring further customization features and more tweaks!
Xiaomi broke the news on Chinese social media and on its MIUI forums, confirming a press event for the introduction of MIUI 7 in Beijing Aug. 13.
PS: Want to attend Xiaomi's MIUI7 event in New Delhi on August 19? Apply here for an exclusive invite! See you there!